News about ban

KUALA LUMPUR (April 6): AmBank Group Research said even if the movement control order (MCO) is lifted by mid-April or end April, demand is expected to be weak for some time due to travel aversion and social distancing.

PETALING JAYA (April 3): Banks and most households in Malaysia can withstand severe house price and income falls, according to Bank Negara Malaysia (BNM), based on a series of housing price shock simulations carried out to determine the resilience of households and banks to survive in the event of such hypothetical housing market correction.

KUALA LUMPUR (April 3): Malaysian house prices, relative to income, remain seriously unaffordable, due to a pronounced and prolonged mismatch between demand and supply, stated Bank Negara Malaysia (BNM) in its Financial Stability Review for Second Half 2019 released today.

KUALA LUMPUR (April 3): Boutique property developer Trinity Group Sdn Bhd recently donated essential medical supplies to hospitals in the Klang Valley and Penang for frontline healthcare professionals battling the COVID-19 outbreak in Malaysia.

Bank Negara Malaysia (BNM), on March 24, 2020, announced an automatic six-month moratorium on all bank loans starting from April 1, to assist borrowers who are facing temporary financial difficulties due to the COVID-19 outbreak.

KUALA LUMPUR (April 3): An Ipoh man has been hailed by social media users for saving an abandoned dog that was found with a note attached around its neck, the Malay Mail reported yesterday.

PETALING JAYA: Subang Jaya police have announced the closure of 10 roads in the city as part of the second phase of the movement control order (MCO) which begins today.

KUALA LUMPUR (April 1): The World Bank is projecting a negative economic growth for Malaysia this year amid the COVID-19 crisis, but said the country is likely to recover in the fourth quarter (4Q) of the year before bouncing back into smoother momentum in 2021.

KUALA LUMPUR (March 27): In line with Bank Negara Malaysia (BNM)’s decision to grant an automatic moratorium on loan payments for six months following the escalation of the fallout of Covid-19, Malaysian banks are doing their bit by announcing that they will not compound interest and profit rates on their loans.

KUALA LUMPUR (March 28): There are 5,084 participants at the tabligh assembly at Seri Petaling Mosque between Feb 27 and March 1 who have yet to be tested for the COVID-19 virus.